Comment Text:
Now is the time for the CFTC to take fair and appropriate position limits action in silver contracts. These limits should be NO MORE THAN 1,500 CONTRACTS OR 7.5M OUNCES. Proposed position limits of 5,000 contracts are excessive and will not solve the ongoing problem of manipulation in silver!. THE 1,500 CONTRACT LIMIT IS THE CORRECT QUANTITY and is still greater than any other current concentration in physical commodities traded on the COMEX. We cannot afford to wait any longer to take corrective action in silver contracts position limits.
With thanks,
Edward Stillman
